Lockheed Martin Co. (NYSE:LMT) Shares Sold by Monument Capital Management

Monument Capital Management trimmed its holdings in Lockheed Martin Co. (NYSE:LMT) by 35.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318 shares of the aerospace company’s stock after selling 727 shares during the quarter. Monument Capital Management’s holdings in Lockheed Martin were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LMT. Altshuler Shaham Ltd acquired a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $26,000. Activest Wealth Management increased its holdings in shares of Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 60 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 1,925.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 81 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 77 shares during the period. Thompson Investment Management Inc. purchased a new position in Lockheed Martin during the first quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. lifted its position in Lockheed Martin by 206.9% in the 4th quarter. TFC Financial Management Inc. now owns 89 shares of the aerospace company’s stock worth $40,000 after buying an additional 60 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE:LMT traded down $0.90 during midday trading on Wednesday, reaching $464.80. 134,788 shares of the company were exchanged, compared to its average volume of 1,082,279. The stock has a fifty day simple moving average of $465.05 and a two-hundred day simple moving average of $450.65. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $479.50. The firm has a market cap of $111.52 billion, a PE ratio of 17.00, a P/E/G ratio of 4.40 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 2.89.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period last year, the company earned $6.43 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 26.17 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be given a $3.15 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $12.60 dividend on an annualized basis and a yield of 2.71%. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group reduced their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. UBS Group boosted their target price on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $485.40.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.